Posted by Penang_lang > 2023-12-06 22:13 | Report Abuse

Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.

Posted by klee > 2023-12-06 22:21 | Report Abuse

Penang lang,I think you misunderstood me.I am being sarcastic.

Posted by klee > 2023-12-06 22:21 | Report Abuse

Read few comments above me ...lol

Posted by Chipee > 2023-12-07 09:25 | Report Abuse

Lu ho liao ... And lu are correct. Kossan is good. I'm excited to see Q4 result ... But hv to wait Feb 24 ... Some more dragon year ... see got boost on sentiment boh? Hehehe...

Penang_lang

Those condemned Kossan ask yourself why EPF buy Kossan not Harta, TopGlove or Supermax.

Posted by Chipee > 2023-12-07 09:26 | Report Abuse

This current ups and downs ... I take it as normal trading pattern. I ignore it. Does not upset me.

Posted by ryoyagod > 2023-12-07 14:36 | Report Abuse

normal thing for a stock to behave like a wave

Posted by TillyLovers > 2023-12-08 14:52 | Report Abuse

Is Kossan starting a down trend?

Posted by ChandranG > 2023-12-08 15:18 | Report Abuse

stagnant instead of downtrend I think ...

Posted by ket4212 > 2023-12-08 19:33 | Report Abuse

little adjustment！no fuss

Posted by Chipee > 2023-12-10 12:02 | Report Abuse

Covid hospitalization increase in US and Europe. It comes in wave. Hopefully use up all old gloves and restocking is in order.

Posted by Chipee > 2023-12-11 14:25 | Report Abuse

And I see natural gas is ranging around USD2.50. Good.
This was the cost that caused losses to Msia gloves.

Posted by ChandranG > 2023-12-12 16:46 | Report Abuse

Lol, Kenanga's TP is ridiculously low

Posted by Chipee > 2023-12-12 17:51 | Report Abuse

I never trust analyst TP. THey have they own agenda.

ChandranG

Lol, Kenanga's TP is ridiculously low

Posted by 5354_ > 2023-12-12 22:50 | Report Abuse

EPF: New CEO will be announced in due course
https://theedgemalaysia.com/node/693615

Posted by teknikal > 2023-12-13 11:45 | Report Abuse

Test my technical knowledge by buying KOSSAN.

Track record for technical play:

1. YTL: Buy 1.49, Sell 1.57 (+5.37%)
2. TOPGLOV: Buy 0.80, Sell 0.795 (-0.63%)
3. KOSSAN: Buy 1.66, open position

Posted by AlphaInvestor > 2023-12-13 12:11 | Report Abuse

From Maybank Research:

Kossan Rubber Industries (KRI MK)
Diversified income to buffer
during crises
Solid and resilient; U/G to tactical BUY
Unlike other pure glove makers, Kossan is blessed with diversified income
(glove & technical rubber products) and a strong balance sheet, providing
a buffer against any negative impact from a gloves sector downturn. We
raise our earnings forecasts by +45% to +138%. Our new TP is MYR2.12
(+53sen) on a higher CY25E PBV of 1.3x (2021-2023 mean; from 1.0x) with
the re-rating to reflect an improved earnings outlook. U/G to tactical BUY.

Posted by KingKKK > 2023-12-13 14:48 | Report Abuse

Share price performance comparison between KOSSAN and the rest

https://klse.i3investor.com/web/blog/detail/bestStocks/2023-12-13-story-h-212436426-Gloves_Sector_Which_Share_Price_UP_THE_MOST_Discussion_about_KOSSAN_HAR

Posted by Likesung > 2023-12-13 22:55 | Report Abuse

Topxxxxx upcoming Qr I estimated profit 25m-30m niah due low sales volume

Posted by wahidul > 2023-12-14 03:04 | Report Abuse

kossan on the rise

Posted by teknikal > 2023-12-14 08:40 | Report Abuse

Test my technical knowledge by buying KOSSAN.

Track record for technical play:

1. YTL: Buy 1.49, Sell 1.57 (+5.37%)
2. TOPGLOV: Buy 0.80, Sell 0.795 (-0.63%)
3. KOSSAN: Buy 1.66, Sold 1.69 (+1.8%)

Posted by ChandranG > 2023-12-14 15:15 | Report Abuse

Covid cases are getting serious

https://www.malaymail.com/news/malaysia/2023/12/13/health-ministry-calls-for-masks-again-as-malaysias-covid-19-cases-nearly-double-to-13000-in-a-week/107329

Posted by wahidul > 2023-12-14 15:38 | Report Abuse

covid cases rising

Posted by klee > 2023-12-14 17:04 | Report Abuse

If msian covid scenario warranted health minister to advise public don masks again in crowded areas,they must know something.

Posted by Chipee > 2023-12-14 17:39 | Report Abuse

Kossan must break resistance 1.85

Posted by klee > 2023-12-14 18:35 | Report Abuse

Chipee,such a huge daily green candle,full bodied with low 1.6 n closed at highest 1.85,next resistance is 2.1...todays vol is a commendable 50 mil

Posted by Chipee > 2023-12-14 18:58 | Report Abuse

Ya ka? OK lor .. Resistance 2.1 ... I likey :)

Posted by Chipee > 2023-12-14 19:00 | Report Abuse

Ya la .. just checked the MACD .... at breakeven point. Can go higher.

Posted by klee > 2023-12-14 19:45 | Report Abuse

https://www.channelnewsasia.com/singapore/covid19-cases-infections-vaccination-moh-ong-ye-kung-3985991

Posted by klee > 2023-12-14 19:46 | Report Abuse

Spore 32k cases per week n rising.How?

Posted by ks5S > 2023-12-15 09:14 | Report Abuse

i selling , thank you

Posted by ks5S > 2023-12-15 09:15 | Report Abuse

got profit cabut first.
Kossan give Christmas present.

Posted by Leward88 > 2023-12-15 09:18 | Report Abuse

"New FTSE4Good Bursa Malaysia Index is out, constituent as below:"

1. Kinergy Advancement
2. Gamuda
3. Kawan Food
4. Datasonic Group
5. MSM Malaysia Holdings
6. OCK Group
7. TDM
8. Advanced Synergy
9. Avaland
10. Kossan Rubber
11. Classic Scenic

https://klse.i3investor.com/web/blog/detail/ESGisaNewTrend/2023-12-14-story-h-212402633-FTSE4GOOD_BURSA_MALAYSIA_DECEMBER_2023_SEMI_ANNUAL_REVIEW

Posted by Chipee > 2023-12-15 09:29 | Report Abuse

It's the end of the year. These funds are rebalancing their portfolio. Some are taking profit to provide dividends to their investor or for tax purposes. So these selling is no issue. Wait till early next year. I believe more buying will ensue.

Posted by klee > 2023-12-15 10:12 | Report Abuse

lows are getting higher,highs are getting higher...it is obvious

Posted by klee > 2023-12-15 10:42 | Report Abuse

Chipee,they are pushing up ahead of topglove qr to be released on 20.12

Posted by Chipee > 2023-12-15 12:35 | Report Abuse

KLEE, totally agree. I'm looking at nat gas hovering at reasonable price. I believe Qtr4 would be good. And Jan24 nat gas contract is selling below 2.5 ... we will see better result for Q124. It's all up earning from here forth.

Posted by Chipee > 2023-12-15 12:37 | Report Abuse

AS for Topglv .... I'm not counting on them for good result. I hope they can pull through but chance are low bcoz of their size. Supermax didn't come out with a good result and they are the same size as Kossan.

Posted by klee > 2023-12-15 17:14 | Report Abuse

good that 1.77 was defended successfully,we shall see more upside next week

Posted by klee > 2023-12-16 12:47 | Report Abuse

Chipee


https://theedgemalaysia.com/node/694007

Posted by klee > 2023-12-16 12:48 | Report Abuse

Sounds familiar ? :)

Posted by Chipee > 2023-12-17 01:22 | Report Abuse

Nice ... :)

klee
Sounds familiar ? :)

Posted by ryoyagod > 2023-12-18 09:54 | Report Abuse

Wow, suddenly gloves sector shooting up today. Resurgence of COVID-19 cases?

Posted by Chipee > 2023-12-18 12:40 | Report Abuse

Not just that. Glove seeing recovery in demands.

ryoyagod

Wow, suddenly gloves sector shooting up today. Resurgence of COVID-19 cases?

Posted by mf > 2023-12-19 21:37 | Report Abuse

2023-12-19

Insider

ABRDN MALAYSIA SDN BHD (a substantial shareholder) disposed 1,637,600 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN MALAYSIA SDN BHD (a substantial shareholder) disposed 625,100 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN HOLDINGS LIMITED (FORMERLY KNOWN AS ABERDEEN ASSET MANAGEMENT PLC) (a substantial shareholder) disposed 1,637,600 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN HOLDINGS LIMITED (FORMERLY KNOWN AS ABERDEEN ASSET MANAGEMENT PLC) (a substantial shareholder) disposed 625,100 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN PLC (a substantial shareholder) disposed 1,637,600 shares on 15-Dec-2023.

2023-12-19

Insider

ABRDN PLC (a substantial shareholder) disposed 625,100 shares on 15-Dec-2023.

Posted by Likesung > 2023-12-19 22:00 | Report Abuse

No need always to share about covid cases, everyone is so relax just wash hand regularly, wear a mask and practice social distance

Posted by Leward88 > 2023-12-20 12:10 | Report Abuse

Harsh... Kossan being downgraded to Rm1.38 by PIBB

Posted by Chipee > 2023-12-20 14:24 | Report Abuse

2 good points I'm happy abt from PIBB
- Kossan is set to revamp its old machines and invest in automation, with an anticipated cost >RM100m in FY24F
- Kossan has also implemented workforce reduction, cutting its headcount by c.33% to 4,000 from a total workforce of 6,000 in FY22

Higher productivity and efficiency overall. Catching up with Hartalega. Kossan will show good profitability for now onwards. Kossan actually beat Harta in earnings for Q3.

2 points I disagree with PIBB
- Meanwhile, natural gas cost is expected to climb higher in 1QCY24, attributed to a time lag effect, but it is expected to normalize in the 2HCY24.

Msia Gloves was losing money bcoz natural gas was at USD6 - 9 in 2022. January 2024 contract for natural gas is around USD2.50, which is low and profitable for gloves. Time lag doesn't make sense, Dec contract was higher at USD3. but down to USD2.5 in Jan. Trend is showing downward pricing.

- While we anticipate Kossan to exhibit resilience in the short term, a note of caution is warranted for the long term as China's on-going expansion is likely to further solidify its dominance in the global market, at the expense of Malaysian glove makers’ market share.

Again on quality, especially used in Medical environment. Higher quality also has high shelf life. They can be more choosy now that it's no longer urgent use during COVID time.
Europe and US "de-risking" from China.
China expansion is for China use at the moment. THey are still facing COVID/Pneumonia cases and it's not so much of COVID is serious or not ... it's more of CHina policy of zero-covid target. The gloves are used more by the "men in white suits" spraying and sanatizing the area than doctors.

Posted by Chipee > 2023-12-20 14:25 | Report Abuse

Wah lau ... I had to filter out one by one to check which word/sentence was censor by i3.

Posted by Chipee > 2023-12-20 14:27 | Report Abuse

The word w@rmer was banned ... 😂😂😂😂🤣 ... replace "a" with "@"
Why?

Posted by Chipee > 2023-12-20 15:06 | Report Abuse

Another thing from PIBB
Notably, the operating margin for 3QFY23 at 12.18%, has returned to near the prepandemic level.
This is good. :)